Nasdaq Technology

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today May 13th:

For Immediate ReleaseChicago, IL – May 13, 2024 – Zacks.com announces the list of stocks and ETFs featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and t

For Immediate ReleaseChicago, IL – May 13, 2024 – Today, Zacks Equity Research discusses Stora Enso Oyj SEOAY, Klabin S.A. KLBAY, Sylvamo SLVM, Rayonier Advanced Materials RYAM and International Paper IP.

Here are two stocks with buy rank and strong value characteristics for investors to consider today, May 13th:  

For Immediate ReleaseChicago, IL – May 13, 2024 – Today, Zacks Equity Research discusses Corteva Inc. CTVA, Archer Daniels Midland ADM, Alico ALCO and Adecoagro AGRO.

For Immediate ReleaseChicago, IL – May 13, 2024 – Today, Zacks Equity Research discusses SLB SLB, Halliburton Co. HAL, Baker Hughes Co. BKR and Smart Sand Inc. SND.

Here are three stocks with buy rank and strong income characteristics for investors to consider today, May 13th:

There are plenty of choices in the Large Cap Growth category, but where should you start your research? Well, one fund that you should consider investigating is PGIM Jennison Growth Z (PJFZX). PJFZX has a Zacks Mutual Fund Rank of

Large Cap Growth fund seekers may want to consider taking a look at PGIM Jennison Focused Growth A (SPFAX). SPFAX possesses a Zacks Mutual Fund Rank of 3 (Hold), which is based on various forecasting factors like size, cost, and p

For the quarter ended March 2024, Mettler-Toledo (MTD) reported revenue of $925.95 million, down 0.3% over the same period last year. EPS came in at $8.89, compared to $8.69 in the year-ago quarter.

Friday, May 10, 2024The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc. (AMZN), Visa Inc. (V) and Pfiz

The US Securities and Exchange Commission (SEC) said this week that it is further delaying its decision on spot Ethereum exchange-traded funds (ETFs), dashing what little hope remained of an approval in 2024. Meanwhile, Apple (NASDAQ:AAPL) unveiled two newly designed iPads with artificial intelligence (AI) capabilities, and two tech companies reported their quarterly earnings, prompting very different reactions from investors. Stay informed on the latest developments in the tech world with the Investing News Network's round-up. 1. SEC delays decision on Invesco Galaxy Spot Ethereum ETF This week brought bad news for investors waiting for the SEC's decision on spot Ethereum ETFs. The SEC said on Monday (May 6) that it will delay its decision on the proposed Invesco Galaxy Spot Ethereum ETF for the second time, this time until July 5. The regulator previously delayed its decision in February, calling for a 21 day public comment period. Franklin Templeton, VanEck and BlackRock (NYSE:BLK) are also awaiting spot Ethereum ETF decisions from the SEC. In late April, Reuters reported that meetings between the ETF issuers and the SEC were not proceeding smoothly, according to four anonymous sources who participated in the gatherings.On X, formerly Twitter, Bloomberg ETF analyst Eric Balchunas expressed a complete lack of optimism this week regarding the possibility of a spot Ethereum ETF receiving SEC approval within the year. In March, Balchunas estimated a slim 25 percent chance of approval, but he now believes that the odds have dwindled even further. In related news, according to a Tuesday (May 7) SEC filing, the NYSE Arca has withdrawn its application for a rule change to allow Grayscale’s Ethereum futures ETF to trade on the exchange. The SEC previously delayed a decision on the rule change on April 23. 2. Apple reveals AI-capable iPads at Let Loose event Apple’s highly anticipated Let Loose event on Tuesday unveiled a range of exciting new products and updates focused primarily on enhanced performance, display technology and accessories for its iPad lineup. The event centered around the introduction of new iPad Air and iPad Pro models and Apple’s latest silicon chip, the M4.The iPad Air, powered by the M2 chip, comes with a high-resolution Liquid Retina display, faster Wi-Fi connectivity, front-facing cameras with AI-enabled Center Stage technology and integration with cloud-based apps. As for the iPad Pro, it is powered by Apple’s new M4 chip and has its most advanced screen technology to date, the Ultra Retina XDR display. The new tablets will begin shipping on May 15. The M4 chip uses advanced 3 nanometer technology and features a new display engine to support the Ultra Retina XDR. Its central processing unit has up to 10 performance and efficiency cores, allowing it to perform complex tasks up to 1.5 times faster than the M2 chip.Additionally, its 10 core graphics processing unit is equipped with machine-learning accelerators and features Dynamic Caching, an innovative addition to the M3 chip family that allows for real-time memory allocation, improving overall efficiency. Finally, the chip includes a 16 core neural engine, Apple’s fastest to date, enabling on-device machine learning.Apple also introduced a new Magic Keyboard with a built-in trackpad that attaches magnetically to the iPad, and a more precise Apple Pencil Pro with a sensor that lets users easily switch between tools and adjust line weight. Aside from that, it announced new upgrades for Final Cut Pro and Logic Pro, adding AI features such as Live Multicam, Stem Splitter and ChromaGlow. The updates will be available on iPad and Mac on May 11 and May 13, respectively. 3. Arm Holdings and Reddit reveal quarterly earnings Arm Holdings (NASDAQ:ARM), a leading technology provider in the semiconductor industry, released a conservative revenue forecast on Wednesday (May 8), projecting that revenue for its 2025 fiscal year will range from US$3.8 billion to US$4.1 billion, with a projected profit of US$1.45 to US$1.65 per share. Analysts were predicting a profit of US$1.53 per share and revenue of US$4.01 billion.After trading at around US$70 in early February, an optimistic forecast released on February 7 caused Arm's share price to climb significantly, peaking at US$148.97 on February 12. However, this latest forecast instead led to a 6.22 percent decrease in share value after market closure, and Arm opened at US$99.57 on Thursday (May 9). In a conference call with analysts and shareholders shortly after the results were released, CFO Jason Child said Arm's 2026 and 2027 fiscal years will likely bring a revenue growth rate of at least 20 percent; by Friday (May 10), the firm's share price had risen to US$108.64, 4.55 percent higher than Monday’s open of US$103.99. Meanwhile, Reddit (NYSE:RDDT) released its first earnings report since going public on the NYSE. On March 21, the day it went public, the company was valued at nearly US$9 billion and its share price had surged from US$34 to US$50.44 by the time the market closed, peaking at over US$65 on March 26. It spent April in the US$40 to US$50 range.Reddit's earnings report, released on Tuesday, shows a revenue increase of 48 percent year-over-year to US$243 million, with ad revenue increasing 39 percent to US$222.7 million during that period. These numbers came in well above analysts' predictions of 29.62 percent growth for total revenue and 21 percent growth for ad revenue. The news sent the company's share price up from US$49 to US$58 at the end of trading on Tuesday before it retracted below US$50 on Thursday (May 9). As of the close of trading on Friday, Reddit was trading for US$53.53. 4. US revokes Huawei sales licenses for Intel and Qualcomm Bloomberg reported on Tuesday that the US government has revoked licenses previously held by Intel (NASDAQ:INTC) and Qualcomm (NASDAQ:QCOM) that allowed the companies to sell semiconductors to sanctioned Chinese tech company Huawei, a decision that will affect the sales of chips used in Huawei’s phones and laptops. According to House Foreign Affairs Committee Chairman Michael McCaul, who spoke to Bloomberg on Tuesday, the decision was made in an effort to prevent China from advancing its development of AI. Following the news, Intel adjusted its Q2 revenue expectations to below the midpoint of projections issued on April 25. Both companies experienced small share price drops when trading opened on Wednesday, but Qualcomm recovered quickly to its previous level. The latter company recently disclosed that it has already limited its business with Huawei. 5. Hugging Face launches new open-source robotics toolkit Hugging Face, a leading AI technology company, unveiled LeRobot, an open-source robotics toolkit that offers developers and researchers accessible tools and collaboration opportunities. The project, which is available on Microsoft’s (NASDAQ:MSFT) GitHub, is designed to provide developers with resources to build, train and deploy AI-powered robotics applications. Hugging Face has primarily focused on developing AI and natural language processing (NLP) tools. The company has created several open-source libraries, including the Transformer library, which provides a wide variety of NLP architectures; the Tokenizers library, which offers text tokenization algorithms for NLP tasks; and Hugging Face Hub, a platform for hosting and sharing pre-trained models, data sets and other resources. LeRobot is built on top of PyTorch, an open-source machine-learning library developed by Facebook’s AI research lab and used for developing and training deep-learning models. With the release of LeRobot, Hugging Face is expanding its focus beyond traditional AI software and venturing into the world of robotics hardware. Don't forget to follow us @INN_Technology for real-time news updates!Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

(RTTNews) - Electronic Arts (EA) is toying with the idea of putting ads in traditional AAA games, which are purchased up-front by players for $70 apiece.

Earnings season has been a primarily positive period so far, with many companies enjoying post-earnings positivity.

Tech stocks were mixed late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.4% and the SPDR S&P Semiconductor ETF (XSD) decreasing 0.7%.

(RTTNews) - During the Bloomberg Technology Summit, Microsoft Corp. (MSFT) announced that it plans to launch a new mobile game store in July.

(RTTNews) - Apple (AAPL) is planning to use M2 Ultra chips to power artificial intelligence data centers, before moving to its latest M4 chips, according to a report by Bloomberg.

(RTTNews) - Apple (AAPL) apologized for its 'Crush' ad for its new iPad Pro model, after receiving wide negative feedback.

Tech stocks were mixed in Friday afternoon trading with the Technology Select Sector SPDR Fund (XLK) rising 0.2% and the SPDR S&P Semiconductor ETF (XSD) down 1%.

As cryptocurrencies continue to make waves in the world of finance, the Australian Securities Exchange (ASX) is reportedly preparing to join the growing list of exchanges adopting crypto-based financial products.While CBOE Australia, another exchange, has allowed spot Bitcoin exchange-traded funds (ETFs) since April 2022, the ASX is poised to cater to a wider audience of investors if it welcomes these popular investment vehicles. VanEck leads charge toward ASX spot Bitcoin ETFs Leading investment firm VanEck has been pushing for the ASX to allow the trading of spot Bitcoin ETFs since 2021. Following the US Securities and Exchange Commission's (SEC) ruling on spot Bitcoin ETFs and, more recently, their approval in Hong Kong, financial institutions in Australia are increasingly eager for the ASX to follow suit.Arian Neiron, CEO and managing director of VanEck Asia Pacific, wrote in March, “Since the US SEC ruling, we’ve experienced a significant uptick in queries and requests from the adviser and broker community regarding our submission to ASX to launch a Bitcoin ETF. The demand for access to Bitcoin via a listed vehicle traded on ASX has been increasing and many of our clients have told us that their clients are already positioned to have an allocation ready to invest.”He continued, “However, contrary to some representations that have recently been made to the media, approval for an ASX-listed Bitcoin ETF is not imminent. There are still a number of hurdles from a regulatory and exchange framework perspective that must be worked through as well as approval from ASIC, before we will see a Bitcoin ETF on ASX.” VanEck is no stranger to long approval processes. In January, the firm received SEC approval for its VanEck Bitcoin Trust (BATS:HODL) almost six years after initially filing for a spot Bitcoin ETF in the US. VanEck was the first firm to file an application for a spot Bitcoin ETF on the ASX, and resubmitted paperwork in February. Other prospective issuers include BetaShares Holdings, DigitalX and Monochrome, which filed in July 2023. Australian pension funds may buy into spot Bitcoin ETFs Jamie Hannah, deputy head of investments and capital markets for VanEck Australia, believes that Australia’s AU$2.3 trillion self-managed superannuation market, where around a quarter of Australia’s retirement assets are held, could contribute sizeable inflows in the event that spot Bitcoin ETFs are approved.Indeed, new figures from the Australian Taxation Office provided in March and reported by the Sydney Morning Herald show that self-managed super funds hold 76 percent more crypto assets compared to three years ago. They held virtually no crypto assets just five years ago, highlighting a rapid growth in interest. “A significant number of crypto investors in Australia want to allocate at least a percentage of their retirement funds to cryptocurrencies,'' said Jason Titman, chief operating officer at Swyftx, a crypto exchange based in Brisbane. Spot Bitcoin ETFs gain worldwide momentum Institutional investment in digital assets has increased and is poised to continue as cryptocurrencies become more mainstream. Spot Bitcoin ETFs in particular have become appealing in recent years. Canada was the first country to offer these products in 2021. Exchanges in Brazil and Amsterdam also began trading spot Bitcoin ETFs in 2021. El Salvador went as far as listing Bitcoin as legal tender alongside the US dollar in 2021.In the US, 10 spot Bitcoin ETFs were approved on January 10 of this year after years of legal battles between regulators and crypto exchanges, with crypto groups and even certain politicians urging the SEC to allow them. Since their approval, US spot Bitcoin ETFs have amassed over US$52 billion in assets under management. Bitcoin's continued prominence could prompt other nations to explore the possibility of offering more digital assets. Hong Kong recently approved a list of spot Bitcoin and Ether ETFs, allowing them to begin trading on April 30, and analysts and experts are speculating that other Asian countries may soon follow suit. Karim Saber, a research associate at 21Shares, has suggested that South Korea could be next after the Bitcoin-friendly Democratic Party of Korea’s recent electoral win. One of the party's promises was that it would allow spot Bitcoin ETF trading and, according to sources for Cointelegraph, it will formally request that the Financial Services Commission reconsider its position on their legal status after the opening of the National Assembly in June.Additionally, a March survey of Singaporeans by Independence Reserve indicates growing investor interest in cryptocurrencies, prompting some analysts to believe that Singapore could eventually allow spot Bitcoin ETFs as well. The London Stock Exchange is also taking steps in this direction, as it is currently accepting proposals for physically backed Bitcoin- and Ether-related exchange-traded notes, with plans to list securities on May 28. How are cryptocurrencies regulated in Australia? The regulatory landscape surrounding cryptocurrencies is evolving. In Australia, cryptocurrencies are treated as assets that can be bought, sold, stored and used as a payment method, although merchants have the right to refuse them. Australia has no specific cryptocurrency laws, but there are laws in place that apply to the crypto sector.The Australian Securities and Investments Commission (ASIC) serves as the primary financial services regulator. ASIC classifies crypto assets as exchange-traded products, placing crypto tokens and related products such as ETFs under its purview. Companies offering such products must comply with regulations set forth by the ASIC. In 2017, the Financing Act 2006 was amended to introduce anti-money laundering and counter-terrorism financing measures. This amendment required all cryptocurrency exchanges operating under Australian law to be registered with the Digital Currency Exchange Register managed by the Australian Transaction Reports and Analysis Centre, Australia’s financial intelligence agency and anti-money laundering and counter-terrorism financing regulator. In October 2021, ASIC revised its rules for Australian financial services licences, stating that institutional support and acceptance of the underlying crypto assets are required for a spot ETF to be approved. Additionally, "reputable" and "experienced" service providers must be willing to support such products, further strengthening Australia’s regulatory framework for cryptocurrencies. In 2022, New South Wales Senator Andrew Bragg introduced the Digital Assets Bill 2022, which proposed that a licencing and reporting framework for digital asset exchanges, stablecoins and custody services be established. The bill later became the Digital Assets (Market Regulation) Bill 2023, which was ultimately rejected by Australia's Senate Economics Legislation Committee on grounds that it lacked detail and conflicted with the government's approach. Prime Minister Anthony Albanese’s government released a token-mapping consultation paper in February 2023 to build a “shared understanding” of crypto assets between consumers and regulators. In October 2023, the Department of the Treasury released the Regulating Digital Asset Platforms proposal paper, which was built on findings from the token-mapping paper and feedback from a consultation period that ended on March 3, 2023. Drafted legislation for new crypto asset licencing and custody rules is expected to be revealed sometime in 2024. Once it becomes law, exchanges will have 12 months to make necessary changes. No formal legislation has been introduced yet. However, Reuters reported on May 7 that the Australian Tax Office is seeking the personal data and transaction details of up to 1.2 million user accounts. It will reportedly use the information to identify crypto traders who failed to report their earnings and did not pay the required capital gains tax. Investor takeaway The increasing interest in cryptocurrencies among investors and the recent approval of spot Bitcoin ETFs in other countries suggests that the ASX may soon follow suit. As momentum builds, it will be interesting to see how cryptocurrencies will shape the world of finance in Australia and beyond in the coming years. Don’t forget to follow us @INN_Australia for real-time news updates!Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.